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UPDATE: Topeka Capital Markets Reiterates Hold Rating, Raises PT on Crane Company

Related CR
Must Watch Stocks for October 26, 2015 (LH, BRCM, JAKK, WCN, CR)
Earnings Scheduled For October 26, 2015 (LH, BRCM, WCN, CR, JAKK, EW, SWFT, PMCS, CAKE, TMK, HIG, KN, AGII, WRB, ROP)

In a report published Wednesday, Topeka Capital Markets reiterated its Hold rating on Crane Company (NYSE: CR), and raised its price target from $44.00 to $53.00.

Topeka Capital Markets noted, “Crane Co. adjusted 4Q EPS was roughly in-line with expectations on higher margins, while revenue was softer-than-expected. Following earnings, we are increasing our price target to $53, from $44, but remain on the sidelines as we believe top-line pressure is likely to limit upside from here. Further details in our report.”

Crane Company closed on Tuesday at $50.23.

Latest Ratings for CR

Oct 2015SusquehannaMaintainsNeutral
Oct 2015Avondale PartnersInitiates Coverage onMarket Perform
Aug 2015William BlairInitiates Coverage onOutperform

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Posted-In: Topeka Capital MarketsAnalyst Color Price Target Analyst Ratings


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